November will be a decisive month for ocean carriers as they go all out to push up container spot rates on the key tradelanes of Asia=Europe and the transpacific.
According to Alexander Borulev, commodity associate at S&P Global Platts, rates are “no longer falling” due to the blanking programmes of the carriers.
And they are preparing a raft of FAK and general rate increases for 1 November.
However, the extent of the challenge …
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Source: The Loadstar
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